Phu Thai industrial park attracts 15 million USD battery production project
Phu Thai industrial park in Hai Duong province attracted a battery production project worth 15 million USD from China in the first days of 2025.
The Industrial Parks Authority of Hai Duong province has licensed Chinese-invested Dong Quan Lithium Smart Energy Co., Ltd. to carry out a project worth 15 million USD in Phu Thai industrial park.
The firm will build a factory covering an area of 9,408 m2 to annually assemble 600,000 lithium batteries and produce 650,000 electronic products; 300,000 control boxes, gearboxes, and motors; and energy management software (EMS) and other software with a revenue of about 1 million USD/year.
In addition, the company will exercise import-export rights and wholesale rights of manufactured goods and others with an annual revenue of approximately 1.5 million USD.
The enterprise’s factory is expected to be given a trial run and then officially go into operation from the third quarter of 2025.
Phu Thai industrial park has so far drawn 24 projects with a total investment of over 100 million USD, with an occupancy rate of nearly 100%.
MINH NGUYEN